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GS Paper IUPSC Prelims 2017
Banking & Financial System
Question No. 171Interactive Test Mode
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Q171. Consider the following statements: 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct ?

Consider the following statements:

  1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
  2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct ?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2017 • Indian Economy

Correct Answer: Option (C) — Both 1 and 2

Concept & Option Breakdown

Standard Reference Verified

Statement 1 is correct: NPCI facilitates affordable digital transaction platforms like UPI, AEPS, and IMPS that drive financial inclusion across rural and underserved populations. Statement 2 is correct: RuPay is an indigenous domestic card payment network launched by NPCI in 2012 to reduce reliance on foreign card schemes.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2017 (Q171)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (C) — Both 1 and 2

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Frequently Asked Questions — UPSC Prelims 2017 Q171

What is the official answer for UPSC Prelims 2017 GS Paper I Question 171 (Indian Economy)?

The official UPSC answer key for this 2017 Indian Economy (Banking & Financial System) question is Option (C): "Both 1 and 2". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2017 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Banking & Financial System". You can explore all repeated questions from Banking & Financial System in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Banking & Financial System UPSC Prelims question using option elimination?

To solve Banking & Financial System questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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